An Assistant Loan Officer earns an average salary of $37,036 per year. People in this job generally don't have more than 20 years' experience. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay.
Read More
$28,376 - $49,542
(Median)
$28K
$37K
$50K
MEDIAN: $37,035
10%
50%
90%

Add this chart to your site: 640px    300px

$10.94 - $20.21
(Median)
$11
$15
$20
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Salary
$28,376 - $49,542  
   
Bonus
$995 - $19,392  
Profit Sharing
$-0.50 - $20,361  
Commission
$1,957 - $21,082  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,920 - $54,930  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 235
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$10$20$30
Hourly Rate
$10.94 - $20.21  
   
Overtime
$12.58 - $29.73  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Bonus
$995 - $19,392  
   
Commission
$1,957 - $21,082  
Profit Sharing
$-0.50 - $20,361  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,920 - $54,930  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 169
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Job Description for Assistant Loan Officer

Assistant loan officers are in charge of reviewing loan applications and completing administrative tasks for their organization. They are responsible for checking important loan details and requirements before submitting all documentation to the lender. They also prepare cost estimates for borrowers, provide all necessary information to relevant parties, answer client inquiries, and redirect questions to the appropriate departments.

Read More...

Assistant Loan Officer Tasks

  • Review, identify, and resolve problems with loan applications.
  • Facilitate the application process by initiating pre-qualification inquiry calls and reviewing resulting data with the loan officer.
  • Approve, deny, and review loan recommendations.
  • Assist in managing a loan portfolio with regard to credit quality and administration, and portfolio performance.
  • Coordinate and manage marketing to current clients and potential customers.

Common Career Paths for Assistant Loan Officer


Add this chart to your site:   640px 640px    300px 300px

Assistant Loan Officer Job Listings

Search for more jobs:

Popular Employer Salaries for Assistant Loan Officer

Popular Skills for Assistant Loan Officer

Pay by Experience Level for Assistant Loan Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Assistant Loan Officer Salaries




National Average
$39,000


Skills That Affect Assistant Loan Officer Salaries




Customer Relations
0%

National Average
$39,000

Customer Service
up arrow 1%

Loan Documents
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 35 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
13%
1-4 years
46%
5-9 years
14%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 67%
medical benefits
Vision: 56%
dental benefits
None: 23%
ADVERTISEMENT